‘Euro stablecoin isn’t enough’: EU issuers make case for USD tokens
60-second summary
European stablecoin issuers argue the euro‑linked token falls short, saying businesses need USD‑denominated stablecoins for global payments and settlement. They cite rising demand for dollar liquidity, noting that current euro offerings cannot satisfy cross‑border trade requirements. Consequently, regulators may face pressure to accommodate USD tokens, influencing market liquidity and competitive dynamics.
European issuers say Europe cannot ignore demand for dollar stablecoins as businesses seek USD liquidity for global payments and settlement.